This tax is applicable to all prepared food and beverages sold at retail for consumption, on or off the premises, by any retailer with sales in Wake County that are subject to sales tax imposed by the State under North Carolina General Statute (NCGS) 105-164.4(a)(1). How 2019 Sales taxes are calculated for zip code 27587. The 27587, Wake Forest, North Carolina, general sales tax rate is 7.25%. The combined rate used in this calculator (7.25%) is the result of the North Carolina state rate (4.75%), the 27587's county rate (2%), and in some case, special rate (0.5%).Diplomatic tax exemption cards can generally be used to obtain exemption in person and at point-of-sale from sales taxes and other similarly imposed taxes on purchases of most goods and services, hotel stays, and restaurant meals in the United States. Jan 08, 2017 · In North Carolina, the General Assembly has been actively pursuing ways to decrease personal income taxes. In order to help pay for those reductions, they have boosted sales and use tax for personal services over the past year or two. Service and maintenance businesses had been lumped in to that group, but this year, it has expanded even further. Download the PDF to learn more North Carolina enacts significant tax law changes Corporate income tax rate reduction Enacted in 2013, H.B. 998 reduced the corporate income tax rate to 6 percent (from 6.9 percent) for taxable years beginning on or after January 1, 2014, and to 5 percent for taxable years beginning on or after January 1, 2015 ... See also: North Carolina elections, 2014 Incumbent: Melvin L. Watt (D), who was first elected in 1992, resigned from his seat in 2013 to take a position in the Obama administration. North Carolina's 12th Congressional District is located in the west-central portion of the state and includes portions of Mecklenburg County.